Business
Minister of Finance: Moody’s decision to change Egypt’s outlook to stable good news, but not enough
October 21, 2014
Minister of Finance: Moody’s decision to change Egypt’s outlook to stable good news, but not enough
The Egyptian Minister of Finance Hany Qadry Dimian on Tuesday said he considered the rise in the country's credit rating…
EGX30 up 1.15 percent on Tuesday, gained LE4.2 billion
October 21, 2014
EGX30 up 1.15 percent on Tuesday, gained LE4.2 billion
Egypt's stock market maintained its upward movement driven by foreign and Arab institution buying activities. The EGX30 Index gained 1.15 percent…
Report: 14 MENA IPOs raise $3.95 bn in 2014’s first nine months
October 21, 2014
Report: 14 MENA IPOs raise $3.95 bn in 2014’s first nine months
A total of 10 IPOs were issued in the Middle East and North Africa (MENA) during the first half of…
Minister: Egypt signs 36 oil exploration deals worth US$2 billion since November 2013
October 21, 2014
Minister: Egypt signs 36 oil exploration deals worth US$2 billion since November 2013
Egyptian Petroleum Minister Sherif Ismaeil announced that the new oil agreements bring the total of new deals since November 2013…
Egyptian Exchange says to approve 10 listings by end-year
October 21, 2014
Egyptian Exchange says to approve 10 listings by end-year
The Egyptian Exchange expects to have approved the listings of 10 companies by the end of this year as confidence…
Egypt planning minister calls for legal review, ‘economic revolution’
October 21, 2014
Egypt planning minister calls for legal review, ‘economic revolution’
Egypt needs an "economic revolution" to recover from damage caused by political instability as it seeks to attract billions of…
Minister: Agreement on free trade between Egypt and EEC to be discussed in Astana
October 20, 2014
Minister: Agreement on free trade between Egypt and EEC to be discussed in Astana
Egypt’s Minister of Trade and Industry Fakhry Abdel Nour on Monday announced the possibility of signing an agreement on free…
EGX30 ends Monday on green, up 0.13% gaining LE1.1 billion
October 20, 2014
EGX30 ends Monday on green, up 0.13% gaining LE1.1 billion
The Egyptian stock exchange rebounded backed by buying activities that occurred in Monday’s session. The benchmark index EGX30 rose a sight…
Egyptian developer SODIC to invest US$336 mn in 2015, sees property boom
October 20, 2014
Egyptian developer SODIC to invest US$336 mn in 2015, sees property boom
SODIC, one of Egypt's largest listed real estate developers, plans to invest LE2.4 billion (US$336 million) in 2015 and is…
Ministry: Egypt set three conditions for Israeli gas import
October 20, 2014
Ministry: Egypt set three conditions for Israeli gas import
Egypt set three conditions to allow the import of Israeli gas: officials must receive permission from state and the gas…